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reid told colleagues he believes getting a major deal to avoid the fiscal cliff by christmas is almost impossible. so unless there is a dramatic last-minute agreement by the president and speaker that includes the tax and spending changes momentum is gaining around a plan "b," in which the house passes a senate bill to extend the middle class tax cuts to allow the taxes to go up on the rich and leaves the spending fight to next year. >> in case of emergency, the house should break the glass. house speaker ought to allow the republicans to vote on extending tax cuts for 98% of the american people. that would deal with chunk of the so-called fiscal cliff. >> while the white house has been confident the president has the upper hand, a new nbc/"wall street journal" poll suggests otherwise. asks who gets the blame if washington goes off the cliff? 19% said the president and democrats. 24% said republican. and 56% said they would be equally do blame. >> now the president just did a series of local tv interviews to put more pressure on john boehner and the republicans. in one of the interview
reid told colleagues he believes getting a major deal to avoid the fiscal cliff by christmas is almost impossible. so unless there is a dramatic last-minute agreement by the president and speaker that includes the tax and spending changes momentum is gaining around a plan "b," in which the house passes a senate bill to extend the middle class tax cuts to allow the taxes to go up on the rich and leaves the spending fight to next year. >> in case of emergency, the house should...
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. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to pass would sail through the house of representatives. democrats would overwhelmingly vote for it. i would doubt there could be any democrat that would vote against it. and as we know from the chorus of republicans that are added to every day, more republicans join every day. >> reporter: in fact, new polls show americans do want compromise, and it's the democrats who hold the edge. an nbc/"wall street journal" poll released yesterday shows a majority. 65% say president obama has a mandate on both increasing taxes on the wealthy and reducing federal spending; a similar two-thirds are willing to accept tax increases or cuts in federal government programs to reach a deal. but while public support on taxes is overwhelming, opinion on proposed cuts is less so. a new pew research center poll out today shows: three-quarters said deficit reduction should come from cutting major
. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to pass would sail through the house of representatives. democrats would overwhelmingly vote for it. i would doubt there could be any democrat that would vote against it. and as we know from the chorus of republicans that are added to every day, more republicans join...
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i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right, where are we? maybe they'll get to something. if they push this on the next year, i think it's a good thing because, in some ways, because you a new congress and new members. maybe because they are going out to live under the decision that would be made this month, maybe it's okay to have them be able to weigh in on it. >> eric: hang on to the ambassador rice comment commenta minute. bob, you were fist-pumping while hearing henry say there is a meeting and they may kick part of it down the road. >> eric: what is happening here -- north dakota is getting to point you can't write legislation, n
i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right,...
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harry reid is still a united states senator because the electorate has changed in nevada even in a midterm. michael bennett is now a full term united states senator because the electorate changed in colorado even in a midterm. so this stuff, it is -- you're just suddenly protecting shrinking and shrinking turf. they do have to come to realize, and i think that that's -- that's what's going to make, prince, watching the immigration debate -- i somehow believe republicans are going to go en masse but maybe they won't. if it ends up being more divisive and ends up being harder to get done and the republican brand is sullied even more with hispanics they could lose a whole generation. >> just to make the point, a new study released by a prominent republican pollster shows the republican party is in big trouble. quote, republicans have run out of persuadable white voters for the fifth time in the past six presidential elections. republicans lost the popular vote. trying to win a national election by gaining a larger and larger share of a smaller and smaller portion of the electorate is a losing
harry reid is still a united states senator because the electorate has changed in nevada even in a midterm. michael bennett is now a full term united states senator because the electorate changed in colorado even in a midterm. so this stuff, it is -- you're just suddenly protecting shrinking and shrinking turf. they do have to come to realize, and i think that that's -- that's what's going to make, prince, watching the immigration debate -- i somehow believe republicans are going to go en masse...
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stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up
stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is...
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we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would happen to certain economic policies were instituted is abysmal. after 1993, after the budget plan was passed we saw record increase and vast. a wealth created. >> this was earlier. the important thing, a face-to-face meeting between the president and speaker. they had a phone call tuesday evening which was less than cordial. perhaps a face-to-face meeting will move the ball forward. >> gretchen: if only they were on the golf course. that solves everything. mike emanuel, thank you very much. >> thank you. >> let's talk about the john mcafee saga wanted for questioning in his neighbor's death. he tells abc
we're hearing the majority leader in the senate, harry reid, is concerned about running out of time. the former speaker of the house, the house minority leader, nancy pelosi, expressed concerns about timing. over at the white house early today, it got personal between jay carney and speaker john boehner, carney making reference to a situation almost 20 years old. take a also listen to this. >> let me say while i personally am fond of john boehner, his record of predicting what would...
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harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a lit
harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have...
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. >> on the senate side of the capital, harry reid and other senate democratic leaders held a press conference about the fiscal cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this below sooner or later. those rates go up by operational luol -- and he said this all, this is true. within three-quarters of the american people including 61% of republicans agree with john corn -- john cornyn that they cannot be held hostage were giveaways to billionaires. the only question is how much the trust's sole class families and how much they will have to endure during this process. many other pieces of business critical to middle-class families that we will be working on if we resolve the fiscal cliffs. they are waiting and waiting for the press conferences, and reality will set in. and it hasn't yet. he is ign
. >> on the senate side of the capital, harry reid and other senate democratic leaders held a press conference about the fiscal cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what kind of revenue. >> the top 2%. >> what else? >> and the debt limit and-- >> what else. >> and there's plenty. 1.6 trillion and the stimulus, 2 it00, 200 billion. >> i think it was-- >> and --. >> well, joining us now is the man who had that exchange with senator reed from the daily caller. nick, what did you and/or our viewers and myself. what are we supposed to get out of that interview with senator ray reid. >> i went in to the press conference not knowing i'd get a quiz about the details. it was a clear question to the majority leader will you bring the president's plan up for a vote and he clearly did not want to answer it and a
listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what...
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line so they could be read before they got voted. as long as americans can read the bill, i think we will avoid raising taxes on the american people. we have to go after the obamacare taxes and get rid of those. host: richard from florida. caller: good morning. you are a popular and you can talk to just about everybody. the office of management and budget' sought a book -- puts ot a book. we could save $900 billion a year getting rid of duplication and fraud and this is in the book. instead of doing all the taxes and other garbage, let's go through this book and do our job.
harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line...
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senate majority harry reid said something similar. you know i think that they're actually getting closer despite the rhetoric because we're not seeing a lot of leaks on either side. either from the white house or boehner. they've had the phone calls. we don't know what really went on during them. before, we got some semblance of what went on. i think there is incentive on both sides to get a deal. now whether it is done before christmas or new year's, i'm not sure. boehner needs a if fatigue factor. he knows it will be the toughest moment of his speakership. he has to get 100 votes on his side. he has to get something from president obama whether it's more aggressive medicare means testing, something he can go back with a shiny object to his tea party guys and say at least we got this. and of course, we have to increase taxes because well, we lost the election. that's going to be very hard sell. >> bill: so this -- does this -- this have to be entitlement so-called entitlement reform? >> i think it's gotta be some type of change in en
senate majority harry reid said something similar. you know i think that they're actually getting closer despite the rhetoric because we're not seeing a lot of leaks on either side. either from the white house or boehner. they've had the phone calls. we don't know what really went on during them. before, we got some semblance of what went on. i think there is incentive on both sides to get a deal. now whether it is done before christmas or new year's, i'm not sure. boehner needs a if fatigue...
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>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >> you know that's a personal story with me. >> greta: oh, yeah. indeed, it is. >> what this is going to do, if we allow this to expire to go to a $1 million and 55% rate, 70% our farms in south dakota will be hit -- >> greta: but you problem is, you don't have a lobbyist. >> but they have me. we are going to keep working on it. >> greta: nice to see you. a very defiant north korea deploying a rocket launch with a brand-new video. that's straight ahead. and ambassador john bololololol i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasi
>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >>...
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- . all the sudden they have taken the steam out of what the greatest economic miracles. the thing that they had, an economy growing rapidly, is fragile and requires government to facilitate rather than later costs and uncertainty on top of it. it's almost like a test tube in the u.s. now. there was a time we had a
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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harry reid, where even this engagement? tracy: it is a great question. before we go, have asked about the 250,000-dollar complementary on behalf of the resident of new jersey's state, it is really tough. >> it is tough. new jersey is one of the most affluent states and expenses state to be in. but it begs the question that it is not a revenue issue, it is a spending issue. tracy: i really hope that something happens with us. and that 250,000 is not offered lots of our families are going to get question. cumbersome, and it didn't time. >> i appreate it. tracy: still to come, beating the street with your investment. up next, house leaders warning their members that they may have to stain washington through christmas. lou dobbs is in the house coming up next and he will give us his opinions. tracy: these days, the leaders of congress reminded of an old married couple. >> yes, you are the most optimistic person in this town. we have some serious differences. >> tell us what you want, that's what i say to them. the one i want a lake house. [laughter] not to m
harry reid, where even this engagement? tracy: it is a great question. before we go, have asked about the 250,000-dollar complementary on behalf of the resident of new jersey's state, it is really tough. >> it is tough. new jersey is one of the most affluent states and expenses state to be in. but it begs the question that it is not a revenue issue, it is a spending issue. tracy: i really hope that something happens with us. and that 250,000 is not offered lots of our families are going...
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- we will get to the calls in a moment. we will hear what they think about social security being on the table. do you get the sense we will talk about this a lot in the next couple weeks or will this discussion, a lot more next year? guest: it's not clear whether they will be able to get social security part of the
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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. >> as of now talk still happening democratic silent majority leader harry reid is unhappy with outgoing. he compared the back-and-forth of the peanuts comic strip, where charlie brown keeps trying to kick a football legend the way before he can kick it. let's listen to this >> we are not going to fall for that again. the american people are not going to be under the illusion that beat republicans are sometime in the future, going to come up with revenue. the airline to come up with raising rates or, madam president, we are going or the cliff. >> of the so-called political fever is not entertaining to the american public. i hope - they are trying to figure out the blame game and i think they are all to blame. >> at this is not just is there going to be a deal but are there going to be enough votes to be a deal? banner has problems with his party on the right as they don't want the tax rates to go up. >> both sides are in it. the other side doesn't have the right approach. the gop as saying that about the democrats and vice versa. they are running out of time. >> they are definitely waiti
. >> as of now talk still happening democratic silent majority leader harry reid is unhappy with outgoing. he compared the back-and-forth of the peanuts comic strip, where charlie brown keeps trying to kick a football legend the way before he can kick it. let's listen to this >> we are not going to fall for that again. the american people are not going to be under the illusion that beat republicans are sometime in the future, going to come up with revenue. the airline to come up...
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>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just
>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama...
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reid's desk. and he does not take it up. and we have passed this budget. and i commend congressman ryan, who leads our budget committee. we think we have to bring out-of-control spending under control. you have to restore economic freedom and ensure a level playing field for everybody. by putting an end to special interest favoritism and corporate welfare. we feel like that this administration's policies are driving up the gasoline at the pump and we need to be promoting an all of the above strategy on american energy production to help lower costs to create jobs to reduce dependence on foreign oil, to strengthen our health care and our retirement security by taking power away, away from government bureaucrats and empowering patients and letting patients and doctors make the decisions that are important to them. now, as i said a moment earlier, so many times people have said, how in the world did we get here? as i said decades, decades in the making and then we went through the budget control exer
reid's desk. and he does not take it up. and we have passed this budget. and i commend congressman ryan, who leads our budget committee. we think we have to bring out-of-control spending under control. you have to restore economic freedom and ensure a level playing field for everybody. by putting an end to special interest favoritism and corporate welfare. we feel like that this administration's policies are driving up the gasoline at the pump and we need to be promoting an all of the above...
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and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and if you look at -- if you look at our budget, we have no new revenue in our budget. the president had $1.6 trillion worth of new revenue. >> so he says it's never going to happen. but the president says he's confident speaker boehner will ultimately cave. are these meetings, these phone calls, are these all -- >> a bit of political theater if you speak to folks who are involved in these negotiations. they will admit that it is important to run down the clock. they want their conferences to feel as though they put up a fight. they can't say they put up a good fight if you don't run the clock down. and also a deal
and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and...
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i think senator harry reid, the majority leader in the senate, has said that social security should not be a part of this. so has nancy pelosi, the democratic leader in the house. host: the cost of living adjustment in social security, does that change depending on where you live in the country? if you live in a more or less expensive area? or is it across the board for everyone? guest: it's across the board for everyone so it's a percent. it depends on how big your benefits are each year. you cited some average numbers of about $1,200 a month for a retired worker. a lot of people get more. some people get less. so the dollar amount for your increase would change depending on that. but, no, the percentage increase is the same no matter where you live in the country. host: reporter for the associated press. we're talking about social security and how it factors into the so-called fiscal cliff. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> waiting for the u.s. house to gavel back in momentarily for a couple of votes inc
i think senator harry reid, the majority leader in the senate, has said that social security should not be a part of this. so has nancy pelosi, the democratic leader in the house. host: the cost of living adjustment in social security, does that change depending on where you live in the country? if you live in a more or less expensive area? or is it across the board for everyone? guest: it's across the board for everyone so it's a percent. it depends on how big your benefits are each year. you...
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i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are some time in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> i'm reminded of the famous george bush adage, whatever it was, fool me once, shame on you, fool me twice, it was actually shame on me. >> that's what republicans are saying exactly this, the white house has opportunities in the future in which it can raise taxes on the wealthiest and it should take those opportunities in order to get us through this crunch period. do the minimum that is possible now to stop us
i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are...
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reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the taxpayers. >> speaking of mitch mclipless, did you see what dubious honor he won yesterday? >> stephanie: yes i'm getting to that! nobody help me! i've got this. >> just trying to produce here. >> stephanie: don't overproduce me! [ laughter ] >> stephanie: mitch mcconnell received the dubious honor of being named america's most unpopular senator! isn't that something. [ applause ] according to nau poll, 55% disapproval rating in kentucky. 37% approval rating. kentucky democratic voters express their disa desire to see ashley judd run in the primaries for 2014. rock on, girl. nay-saye
reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the...
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dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring some of those rates down for some people. i think that is what my republican colleagues are really the most afraid of. once you lose those tax cuts, at the end of the year, it will be hard to bring back those tax cuts. the tax cuts that would come back would be mostly for the lower and real income people. the biggest leverage that the republicans have right now is this december 31 date. they are quickly running out of time. dagen: would you be comfortable with it. you raise tax rates on the wealthy. just not back to the clinton era level. you grow up, but n
dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring...
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republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to it. i'm excited for jenna and henry. i can barely contain the news when i found out so now i can tell all my buddies. >> where do you come down on spoiling grandchildren? to spoil or not to spoil? >> definitely to spoil. no doubt about it. >> kind of like we did our daughter. >> congratulations to them. if you read only one thing this morning, my must-read is about one of the handful of absolutely perfect foods. bacon. it's written by an obsessive bacon lover and includes the preview
republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first...
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both mcconnell and harry reid acknowledge if a deal is going to get done, they have to put together the pieces of the framework very soon. >> this is the week we are going to find out whether the president is serious about cutting any spending at all. we are running out of time. >> until we hear from the republicans, there is nothing to draft. we can get things done quickly. i think it's going to be extremely difficult to get it done before christmas, but it could be done. >> we shall see. sunday is basically the deadline, if you will, unofficially if they want to get something done before christmas. moving on to the labor fight in michigan, over 12,000 union workers and supporters rallied yesterday. look at the pictures. protesting the so-called right to work law that will make it illegal to require an employee to pay union dues as a condition of their employment. it was not enough to stop the legislation that rick snyder signed into law. despite the long history, the state is controlled by a republican-dominated house and senate. >> there 58 aye votes and 52 nay votes. >> therefore th
both mcconnell and harry reid acknowledge if a deal is going to get done, they have to put together the pieces of the framework very soon. >> this is the week we are going to find out whether the president is serious about cutting any spending at all. we are running out of time. >> until we hear from the republicans, there is nothing to draft. we can get things done quickly. i think it's going to be extremely difficult to get it done before christmas, but it could be done. >>...
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harry reid who's a senate majority leader says he does not expect a deal before christmas. terrell. >> we'll have to see. susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview set to air on friday night on "20/20," president obama says it's a big move. >> the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population that we consider them the legitimate representative of the syrian people. >> the president also told abc's barbara walters that with that recognition comes responsibility. clarissa ward has more on the opposition now from london. >> reporter: this is the man chosen to lead a newly formed coalition of syria's opposition groups. >> what does it mean to be recognized by the u.s.? the u.s. administration has big influence globally he told us. a step like that would pull the rug from under the regime on all levels, politically, economically, and militarily.
harry reid who's a senate majority leader says he does not expect a deal before christmas. terrell. >> we'll have to see. susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview set to air on friday night on "20/20," president obama says it's a big move. >> the syrian opposition coalition is now inclusive enough,...
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senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change depending on that, but the percentage increase is the same a matter where you live in the country. host: we are talking about social security and how would factors into the so called "fiscal cliff." if you would like to join the conversation, here are the numbers to call -- we will get to the calls in a moment. we will hear what they think about social security being on the table. do you get the sense we will talk about this a lot in the next couple weeks or will this discussion, a lot more next year? guest: it's not clear whether they will be able to get social security part of the
senator harry reid in the senate has said social security should not be part of this. so has nancy pelosi, the democratic leader in the house. host: does the cola change depending on where you live in the country? guest: it is across the board for everyone. it is a percentage. it depends on how big your benefits are every year. you cited average numbers of about $1,200 a month for a retired worker. a lot of people get more and some get less. the dollar amount for your increase would change...
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harry reid says we can do things quickly, but not fast enough as far as bill drafting goes. john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure middle class taxes don't go up on january 1st. i'm confident that republicans wouldn't hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> he said he's fine to go over the fiscal cliff. all of those reasons would be reasons to say maybe we're not close to a deal on that do you think he'll get a deal before the end of the year? you are the optimistic one in the relationship here, or will we get one before you go off for christmas break? >> some type of deal. may not have a complete deal. but this issue of tax cuts for those earning less than 250,000, we will get that do
harry reid says we can do things quickly, but not fast enough as far as bill drafting goes. john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure...
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reid would ever bring it up. what's interesting is if they say, okay. let's get rid of that medical device tax. the money will have to come from interelse. >> that medical device tax is designed to bring in $29 billion over ten years. >> steve: where is that going to come from then? >> what are you going to do? you need another source of income. >> steve: call china! >> can we borrow more? you're already going to raise the medicare tax to help pay for obamacare. you're already raising the tax on some drugs to pay for it. what are you going to do now? if you don't get the medical device tax through, and you don't get the $29 billion, what are you going to do? you're right, steve. call china, let's borrow more. >> steve: so many people are fixated on the fiscal cliff and the president wants to jack up taxes on people who are successful. up to maybe about 40%. that's one of the theories out there. he'd love 40%. but a lot of people forget about the medical device tax, plus all the obamacare taxes already baked into
reid would ever bring it up. what's interesting is if they say, okay. let's get rid of that medical device tax. the money will have to come from interelse. >> that medical device tax is designed to bring in $29 billion over ten years. >> steve: where is that going to come from then? >> what are you going to do? you need another source of income. >> steve: call china! >> can we borrow more? you're already going to raise the medicare tax to help pay for obamacare....
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as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able to raise taxes, yes or no? >> oh, taxes are going to go up one way or another. >> oh, they are? >> and i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> now, the president went on to say that if republicans can move on taxes, he's prepared to do "some tough things" on the spending side. >>> controversial right-to-work measures will soon be the law of the land in michigan. republican governor rick snyder signed the measure yesterday, despite
as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able to raise taxes, yes or no?...
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harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. rachel will be back tomorrow with great hair, as always. up next, "first look." >>> right now on "first look," terror at an. on. shopping mall as a mass gunman opens fire, killing two people. >>> north korea successfully fires a long-range rocket, defying the threat of international sanctions. >>> plus, michigan's right to work, a cosmic close shave and an update for you on that little guy, the ikea monkey in canada. >>> but first, good morning, everyone. i'm lynn berry. and the hustle and bustle of the holiday season took a terrifying turn in portland, oregon, yesterday, when a masked gunman stormed into a busy shopping mall and opened fire, killing two people, injuring another before apparently turning the gun on himself. nbc's kirk gregory ha
harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. rachel will be back tomorrow with great hair, as always. up next, "first look." >>> right now on "first look," terror at an. on. shopping mall as a mass gunman opens fire, killing two...
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in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly in the absence of the filibuster. so what do you say to them? >> what i say to that, ezra, is i'm not afraid of democracy. i said that to majority leader mcconnell on the floor this summer. he was basically saying that, you know, you democrats better be careful. if we take over, we can repeal obama care. my rejoinder to that is if that is what the people vote for at the ballot box, then elections ought to have consequences. now i won't vote for it. i might try to slow it down, amend it, change it. but at least the majority ought to have the right to propose
in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly...
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senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press conferences, republicans and democrats traded barbs on the house floor. >> where are the president's spending cuts? the longer the white house slow- walks this process, the closer our economy gets to the fiscal cliff. >> reporter: behind the scenes, progress is being made, but democrats are still arguing they've given ground in previous budget battles. that's one reason they are holding firm on higher taxes now. >> $1.6 trillion in cuts. "where are the cuts?" they are in bills that you, mr. speaker, have voted for. >> reporter: and there were new calls for more tax revenue today. warren buffett, vanguard foun
senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press...
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. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they want us to cut medicare and entitlements have to be on the table. as if there is an equivalency between the richest americans paying a bit more and asking senior who make $20,000 a year to pay more. really? >> congresswoman, isn't this a time where liberals in congress have to hold the line? there's rumors going around from medicare age going from 65 to 67, there might be some benefit cuts in here. the fact is, there's a lot of lawmakers on cap
. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the...
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. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat has something he wants. the hint is in the top half of the picture. you're looking at it. let's take a listen to reid. >> if the truth were known, many, many senators would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people call his office, e-mail his office. they believe he has a toupee. it's his hair. he has hair like a 15-year-old, mr. president, and so i have to acknowledge i am a little envious of his hair. >> hair envy aside, nelson's real mark might be casting what many people called the deciding vote in favor of obama care. that was quite a moment. >>> up next, the new movie "zero dark thirty" suggests we wouldn't have gotten bin laden without torturing terror suspects. not everyone agrees, and that's ahead. you're watching "hardball," the place for politics. >>> i'm paige hawkins with breaking news. >>> welcome back to
. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat has something he wants. the hint is in the top half of the picture. you're looking at it. let's take a listen to reid. >> if the truth were known, many, many senators would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people...
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we were here last week meetings the speaker and president and harry reid. what they do will have significant impact on our state. the state's offer a lot of good ideas and things that the guys in d.c need to listen to. they lose sight of the impact of all those things will have on the state. a lot of the things that will not have a lot of advocates for listening. been more than likely will be on the chopping block. rex a lot of the things roxanne and denise said are true in virginia as well. we will likely continue to be a traditional state. just the governor -- we addressed the governor. we just got a large infusion of new jobs from amazon very and began to collect the salesmen use taxes. allow the states are waiting to see what happens there. we have positioned ourselves to deal with that. one thing i did not point out is -- we have -- we came into office with a significant challenges to our pension system. the governor has done a couple things. we reform our pension system. we have gone from a defined benefit plan to a hybrid plan, effective 2014. for ne
we were here last week meetings the speaker and president and harry reid. what they do will have significant impact on our state. the state's offer a lot of good ideas and things that the guys in d.c need to listen to. they lose sight of the impact of all those things will have on the state. a lot of the things that will not have a lot of advocates for listening. been more than likely will be on the chopping block. rex a lot of the things roxanne and denise said are true in virginia as well. we...
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harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on sunday. >> and said his meeting was nice. >> it was a nice meeting. it was cordial. >> cordial. >> we have to cut spending. >> holding back when it comes to spending cuts. >> republicans have been ratcheting up their rhetoric. >> get the tax issue off the table. >> we don't have the leverage. >> you can't tax your way out of this baby. >> throw in the towel on this tax rates issue. >> they have the debt ceiling. >> keep your eye on the debt ceiling. >> the debt ceiling part of this deal. >> the leverage is going to shift. >> it's their leverage. >> the leverag
harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on...
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we're just getting word now harry reid is saying, you know, the idea of getting anything done before christmas, not looking good. camping out here christmas day? camping out here christmas day? looking goo [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [int singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help impve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copdaking advair may hav
we're just getting word now harry reid is saying, you know, the idea of getting anything done before christmas, not looking good. camping out here christmas day? camping out here christmas day? looking goo [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [int singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was...
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Dec 12, 2012
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i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate for bipartisan consensus here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me you are for real is that you have not signed a pledge that would make it so that you can't vote for a tax increase. it should be a big deal on the order of four trillion dollars over ten years. that's what we need to get growth in our economy and the kind of deal that includes tax reform, entitlement reform and better spending control. >> when you were governor of your state you presided over what i think is the single greatest employment boom we've seen. is washington so different that you wish you were back home? >> you have been out to north dakota, you're invited back, but you are right. the fundamentals don't change. let's build that good business climate. legal, tax and regulatory certainty, w
i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate for bipartisan consensus here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me you are for real is that you have not signed a pledge that would make it so that you can't...